Using Renko in a strategy

[popsovy]

Which objects do I refer to in the object model in order to use Renko in a strategy.

Typing this.Re.. does not bring any matches

Thanks.

[NinjaTrader_Bertrand]

You would need to call AddRenko() specifically for adding a Renko series - http://www.ninjatrader.com/support/h...7/addrenko.htm

[popsovy]

Thank you for you reply.

A quick follow-up (and also novice) question. In terms of backtesting -- is that possible to validate a Renko strategy? It appears that for Renko, I have to set CalculateOnBarClose = false. If I backtest Renko with this setup, would the backtest fire every tick or every period (minute)? Or, does it depend on whether I have access to historical tick data? (I don't at the moment since I am using TDAmeridate).

Thanks.

[NinjaTrader_RyanM1]

Hi popsovy,

Yes, Renko charts can be used in backtesting, but not with CalulateOnBarClose = false. When backtesting or in any historical sense, script logic can only be processed on bar close. To build the renko bars does require historical tick data, but this is not the same as processing script logic tick by tick in real time.

[popsovy]

In real-time, with CalculateOnBarClose = false, what does Close[1] refer to in Renko? Does it refer to the close of the previous Renko block?

What if I did CalculateOnBarClose = true in real time, would Close[0] then refer to the previous Renko block?

Thanks.

[NinjaTrader_Bertrand]

popsovy, your understanding is correct.